Economists Are Particularly Adept at Understanding That People Respond to

question 18

Multiple Choice

Economists are particularly adept at understanding that people respond to

• A)laws.
• B)incentives.
• C)punishments more than rewards.
• D)rewards more than punishments.

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Definitions:

Unpredictable

The inability to be foreseen or predicted due to variability or randomness in behavior or events.

Specified

Clearly stated, described, or defined in detail.

Child-Rearing

Child-rearing encompasses the practices, strategies, and methods used by parents and caregivers to support and guide a child's development from infancy through adolescence.

Shaping

A method in behaviorism used to train a new behavior by successively reinforcing behaviors that approximate the desired behavior.